logo-loader
viewAlba Mineral Resources PLC

Alba Mineral Resources in ‘recovery mode’ which could see it add 30%

Shares in Alba Mineral Resources PLC (LON:ALBA) have been on the rise since the summer and could add another 30% in the coming weeks and months, according to Zak ‘King of Charts’ Mir.

“At the moment it looks like Alba is in recovery mode,” Mir explains in the latest segment of the Proactive Investors TIP TV Bulletin Board series.

“We’ve had a golden cross buy signal for the shares between the 50-day and 200-day moving averages earlier in November… [which] is normally a longer-term buy signal.”

A golden cross is generally viewed as a bullish sign and is when a stock’s short-term moving average breaks above the long-term moving average.

Mir reckons the junior explorer could now be set to build on its recent rally by adding another 0.1p or so.

“The target there at the top of that June channel is up to 0.45p and that’s valid while there’s no break back below the 200-day moving average.”

Quick facts: Alba Mineral Resources PLC

Price: 0.165 GBX

AIM:ALBA
Market: AIM
Market Cap: £6.18 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alba Mineral Resources PLC named herein, including the promotion by the Company of Alba Mineral Resources PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: 88 Energy completes Premier Oil farm-out in Alaska

Headlines from the Proactive UK newsroom. 88 Energy (LON:88E) has completed its farm-out with Premier Oil for its acreage in Alaska. The Alaska Department of Natural Resources has also approved the Plan of Operations for the Charlie-1 appraisal well with spudding scheduled for next...

2 weeks, 3 days ago

2 min read